Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
Credit unions may see a final rule approved next week that would remove the need to obtain real estate appraisals for certain commercial real estate loans under $1 million. The National Credit Union Administration (NCUA) […]
Changes made recently to parts of Regulation CC, which implements the Expedited Funds Availability Act (EFAA), are highlighted for credit unions in a new Consumer Financial Protection Update issued Monday by the National Credit Union […]
While only 81 credit unions submitted a diversity self-assessment form last year, more than half that did so (57%) reported a “leadership/organizational” commitment to diversity at their institutions, the federal credit union regulator reports. In […]
A former employee of an Orange, Texas, credit union was prohibited last month from serving at a federally insured financial institution after allegedly pilfering $20,000 from the institution, the federal regulator of credit unions said. […]
A proposed rule to delay implementation of a risk-based capital rule for federally insured credit unions by two years to Jan. 1, 2022, is in Wednesday’s Federal Register with a public comment deadline of July […]
The federal agency that regulates, supervises and insures credit unions on Wednesday launched a digital outreach initiative to promote the 85th anniversary of the Federal Credit Union Act (FCU Act), which, among other things, created […]
Title: Delay of Effective Date of the Risk-Based Capital Rules Subject: Capital, risk-based capital Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is seeking comment on a proposed rule that woulddelay the effective […]
Credit unions are on notice: The federal consumer financial protection agency has delayed for 15 months the mandatory underwriting provisions’ compliance date for its rule on “payday lending,” the federal regulator stated in a letter […]
A special advisor on cybersecurity is now on duty at the federal regulator of credit unions, focusing on a topic the agency’s leader calls one of his top priorities. Johnny E. Davis, Jr., started Thursday […]
Risk-based capital requirements for “complex” credit unions would be again delayed – for another two years – under a 30-day proposal for comment issued Thursday by the National Credit Union Administration (NCUA) as the agency […]
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